Income Statement
| Year Ending Dec 2023 (Update) | Year Ending Dec 2022 (Update) | Year Ending Dec 2021 (Update) | Year Ending Dec 2020 (Update) | |
|---|---|---|---|---|
| Net Sales | 9,103.00 | 8,986.00 | 8,821.00 | 8,723.00 |
| Revenue | 9,103.00 | 8,986.00 | 8,821.00 | 8,723.00 |
| Total Revenue | 9,103.00 | 8,986.00 | 8,821.00 | 8,723.00 |
| Cost of Revenue | 1,587.00 | 1,525.00 | 1,520.00 | 1,523.00 |
| Cost of Revenue, Total | 1,587.00 | 1,525.00 | 1,520.00 | 1,523.00 |
| Gross Profit | 7,516.00 | 7,461.00 | 7,301.00 | 7,200.00 |
| Selling/General/Administrative Expense | 1,787.00 | 1,864.00 | 1,737.00 | 1,650.00 |
| Labor & Related Expense | 1,922.00 | 1,872.00 | 1,882.00 | 1,891.00 |
| Selling/General/Administrative Expenses, Total | 3,709.00 | 3,736.00 | 3,619.00 | 3,541.00 |
| Depreciation | 1,867.00 | 1,868.00 | 1,889.00 | 1,837.00 |
| Depreciation/Amortization | 1,867.00 | 1,868.00 | 1,889.00 | 1,837.00 |
| Litigation | 25.00 | 55.00 | -23.00 | 11.00 |
| Impairment-Assets Held for Use | -- | 0.00 | 0.00 | 293.00 |
| Loss (Gain) on Sale of Assets - Operating | -2.00 | -8.00 | -175.00 | -18.00 |
| Other Unusual Expense (Income) | -- | 0.00 | 0.00 | -22.00 |
| Unusual Expense (Income) | 23.00 | 47.00 | -198.00 | 264.00 |
| Other Operating Expense | -- | -- | -- | -- |
| Other, Net | 138.00 | 173.00 | 121.00 | 103.00 |
| Other Operating Expenses, Total | 138.00 | 173.00 | 121.00 | 103.00 |
| Total Operating Expense | 7,324.00 | 7,349.00 | 6,951.00 | 7,268.00 |
| Operating Income | 1,779.00 | 1,637.00 | 1,870.00 | 1,455.00 |
| Interest Expense - Non-Operating | -299.00 | -254.00 | -270.00 | -303.00 |
| Interest Expense, Net Non-Operating | -299.00 | -254.00 | -270.00 | -303.00 |
| Interest Income, Non-Operating | 22.00 | 20.00 | 28.00 | 30.00 |
| Investment Income, Non-Operating | 33.00 | -102.00 | -49.00 | -33.00 |
| Interest/Investment Income, Non-Operating | 55.00 | -82.00 | -21.00 | -3.00 |
| Interest Income (Expense), Net-Non-Operating, Total | -244.00 | -336.00 | -291.00 | -306.00 |
| Other Non-Operating Income (Expense) | -- | 35.00 | -14.00 | -65.00 |
| Other, Net | -- | 35.00 | -14.00 | -65.00 |
| Net Income Before Taxes | 1,535.00 | 1,336.00 | 1,565.00 | 1,084.00 |
| Income Tax – Total | 346.00 | 336.00 | 382.00 | 288.00 |
| Income After Tax | 1,189.00 | 1,000.00 | 1,183.00 | 796.00 |
| Minority Interest | -- | -- | -- | -- |
| Net Income Before Extraordinary Items | 1,189.00 | 1,000.00 | 1,183.00 | 796.00 |
| Net Income | 1,189.00 | 1,000.00 | 1,183.00 | 796.00 |
| Income Available to Common Excluding Extraordinary Items | 1,189.00 | 1,000.00 | 1,183.00 | 796.00 |
| Income Available to Common Stocks Including Extraordinary Items | 1,189.00 | 1,000.00 | 1,183.00 | 796.00 |
| Basic Weighted Average Shares | 2,767.00 | 2,766.00 | 2,765.00 | 2,765.00 |
| Basic EPS Excluding Extraordinary Items | 0.43 | 0.36 | 0.43 | 0.29 |
| Basic EPS Including Extraordinary Items | 0.43 | 0.36 | 0.43 | 0.29 |
| Dilution Adjustment | -- | -- | -- | -- |
| Diluted Net Income | 1,189.00 | 1,000.00 | 1,183.00 | 796.00 |
| Diluted Weighted Average Shares | 2,767.00 | 2,777.78 | 2,765.00 | 2,765.00 |
| Diluted EPS Excluding Extraordinary Items | 0.43 | 0.36 | 0.43 | 0.29 |
| Diluted EPS Including Extraordinary Items | 0.43 | 0.36 | 0.43 | 0.29 |
| DPS - Common Stock Primary Issue | 0.28 | 0.20 | 0.09 | 0.00 |
| Gross Dividends - Common Stock | 1,257.00 | 780.00 | 240.00 | -- |
| Impairment-Assets Held for Use, Supplemental | 156.00 | -- | -- | -- |
| Non-Recurring Items, Total | 156.00 | -- | -- | -- |
| Total Special Items | 179.00 | 47.00 | -198.00 | 264.00 |
| Normalized Income Before Taxes | 1,714.00 | 1,383.00 | 1,367.00 | 1,348.00 |
| Effect of Special Items on Income Taxes | 40.35 | 11.82 | -48.33 | 70.14 |
| Income Taxes Excluding Impact of Special Items | 386.35 | 347.82 | 333.67 | 358.14 |
| Normalized Income After Taxes | 1,327.65 | 1,035.18 | 1,033.33 | 989.86 |
| Normalized Income Available to Common | 1,327.65 | 1,035.18 | 1,033.33 | 989.86 |
| Basic Normalized EPS | 0.48 | 0.37 | 0.37 | 0.36 |
| Diluted Normalized EPS | 0.48 | 0.37 | 0.37 | 0.36 |
| Amortization of Intangibles, Supplemental | 168.00 | 158.00 | 163.00 | 176.00 |
| Depreciation, Supplemental | 1,543.00 | 1,710.00 | 1,726.00 | 1,661.00 |
| Interest Expense, Supplemental | 299.00 | 254.00 | 270.00 | 303.00 |
| Equity in Affiliates, Supplemental | -- | -- | 0.00 | 0.00 |
| Minority Interest, Supplemental | -- | -- | -- | -- |
| Gross Margin | 82.57 | 83.03 | 82.77 | 82.54 |
| Operating Margin | 19.54 | 18.22 | 21.20 | 16.68 |
| Pretax Margin | 16.86 | 14.87 | 17.74 | 12.43 |
| Effective Tax Rate | 22.54 | 25.15 | 24.41 | 26.57 |
| Net Profit Margin | 13.06 | 11.13 | 13.41 | 9.13 |
| Normalized EBIT | 1,958.00 | 1,684.00 | 1,672.00 | 1,719.00 |
| Normalized EBITDA | 3,669.00 | 3,552.00 | 3,561.00 | 3,556.00 |
| Current Tax - Domestic | 337.00 | 293.00 | 289.00 | 273.00 |
| Current Tax - Other | 1.00 | 0.00 | 14.00 | 57.00 |
| Current Tax - Total | 338.00 | 293.00 | 303.00 | 330.00 |
| Deferred Tax - Other | 8.00 | 43.00 | 79.00 | -42.00 |
| Deferred Tax - Total | -- | -- | -- | -- |
| Deferred Tax - Total | 8.00 | 43.00 | 79.00 | -42.00 |
| Income Tax - Total | 346.00 | 336.00 | 382.00 | 288.00 |
In millions of USD (except for per share items)
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